Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0145%/8h= −15.8% APRpaid last 24h −0.058%

Price spread now: MEXC against Reya+0.007%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Reya Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya AVAXRUSDPERP	10.719	0.0245	pay 0.0031% / 1h	6m 11s	$1K	—	20x
Short	MEXC AVAX_USDT	10.720	0.0100	get 0.0100% / 8h	1h 06m	$45.6M	$81.1M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Reya. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ReyabpFee MEXCbpOrdersPrice spread, now +0.007%Rate

Funding earned: −$30.38
Price spread: +0.007% → 0.000%: $0.66
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee MEXC: 0 bp × 2 orders: $0
Net: −$35.72
Costs to cover: 0.060%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; MEXC: live order book, 3 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Reya no order-book sample	—	—	—	—	—
Sell MEXC live order book, 3 min ago	0.47 bp	0.5 bp $0	4.3 bp −$43	30.5 bp −$3,046	98.8 bp −$49.4K

Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

AVAX on 36 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado AVAX-PERP	−0.0196%	1h	10.726	+0.067%	$282K	$338K	10x	as long as short
Variational Omni AVAX	−0.0059%	8h	10.719	−0.007%	$2.9M	$2.2M	—	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0030%	1h	10.720	+0.007%	$4.8M	$7.0M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.731	+0.110%	$92K	$111K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.721	+0.016%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0020%	8h	10.720	+0.007%	$12.9M	$32.5M	75x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	+0.380%	$17K	$152K	12x	as long as short
Paradex AVAX-USD-PERP	+0.0086%	8h	10.729	+0.093%	$12K	$212	20x	as long as short
SoDEX AVAX-USD	+0.0089%	1h	10.720	+0.007%	$18K	$72K	10x	as long as short
Bybit AVAXUSDT	+0.0091%	8h	10.718	−0.012%	$81.8M	$145.6M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AVAX	+0.0096%	1h	10.720	+0.005%	$1.2M	$2.5M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.728	+0.081%	$25K	$474K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.731	+0.109%	$37.2M	$43.5M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.726	+0.063%	$2.2M	$1.0M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.735	+0.148%	$270K	$129K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.720	+0.007%	$113.6M	$420.9M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.718	−0.012%	$18.8M	$111.8M	50x	as long as short
MEXC AVAX_USDTshort	+0.0100%	8h	10.720	+0.007%	$45.6M	$81.1M	200x
KuCoin AVAXUSDTM	+0.0100%	8h	10.720	+0.007%	$13.7M	$22.7M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.718	−0.012%	$32.4M	$48.3M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.719	−0.003%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.725	+0.053%	$437K	$562K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.728	+0.082%	$339K	$1.1M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.728	+0.081%	$173K	$662K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.728	+0.081%	$135K	$353K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.728	+0.081%	$231K	$255K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.759	+0.375%	$11K	$769K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.729	+0.095%	$326K	$899K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.722	+0.025%	$28.6M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.712	−0.068%	$610K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.714	−0.049%	$246K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0113%	1h	10.720	+0.003%	$3.8M	$12.1M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0200%	1h	10.729	+0.091%	$853K	$5.1M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.729	+0.091%	$4.6M	$5.6M	100x	as long as short
Reya AVAXRUSDPERPlong	+0.0245%	1h	10.719	long leg	$1K	—	20x
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.732	+0.116%	$226K	—	120x	as long as short